Today
2025/05/23

Cloud Horse: The proposed fundraising will not exceed 640 million yuan.

Jin10 reported on May 23 that Yunchongma announced a plan to issue stocks to specific entities for the year 2025, aiming to raise no more than 640 million yuan, which will be used for a project with an annual production capacity of 135,000 tons of DTY yarn and 120,000 tons of high-performance leather base fabric.
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A Whale deposited 4 million USDC into HyperLiquid, shorting BTC at 15 times.

BlockBeats news, on May 23, according to Onchain Lens monitoring, a Whale deposited 4 million USDC into HyperLiquid and opened a BTC short positions with 15x leverage.
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SOON Token economic model: Initial total supply of 1 billion coins, 51% allocated for the community.

Gate News bot message, SOON officially releases tokenomics model, with an initial total supply of 1 billion SOON (annual inflation rate of 3%), of which: · Community accounts for 51%; · Ecosystem accounts for 25%; · Airdrop/Liquidity accounts for 8%; · Foundation/Treasury accounts for 6%; · Team and co-builders account for 10%.
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Wade Bush: Raised the target price for TSL from $350 to $500

Golden Finance reports that Wedbush has raised the target price for Tesla (TSL.O) from $350 to $500.
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Gate launches SOON( SOON) Perptual Futures trading, supporting 20x leverage go long shorting.

Gate News bot news, according to the official announcement from Gate on May 23, 2025: Gate has launched the SOON/USDT perpetual contract for spot trading. This contract is settled in USDT and supports 1-20 times leverage for long and short positions. Traders can choose their leverage ratio when placing an order. The funding rate for the SOON perpetual contract is settled every 4 hours.
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Initia has released a proposal for inflation adjustment and stake exit subsidies, aiming to significantly reduce the inflation rate to an annualized 1.25%.

The Initia Foundation has released a governance proposal to amend the annual release rate of INIT to address the issue of high inflation. The proposal suggests adjusting the annual total supply to 1.25%. The foundation has proposed a subsidy plan to compensate users affected by Proposal 39. Users can claim the subsidy without lock-up position requirements before July 7. On-chain voting will begin on May 26 and will be executed or rejected on June 2. It is recommended to vote against to maintain the credibility of community governance.
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Mitsubishi UFJ: The yen is expected to continue to be supported by the prospect of interest rate hikes.

On May 23, Derek Halpenny, an analyst at Mitsubishi UFJ, said in a note that the yen should continue to be supported, as Japan's latest inflation data should keep the possibility of another interest rate hike later this year alive. He said that although the expectations for the Bank of Japan to raise interest rates this year are not high, the expectations for the Bank of Japan to raise interest rates this year are also unique, considering that the other G10 central banks are cutting interest rates. This should weigh on USDJPY as "market participants are more convinced of the prospect of further rate cuts by the Fed later this year." ”
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Standard Chartered Hong Kong Dollar stablecoin progress: Earlier announced the establishment of a joint venture and is accelerating preparations.

Gate News bot message, on May 21, the Legislative Council of the Hong Kong Special Administrative Region passed the "stablecoin ordinance draft." In response to a reporter's inquiry, Standard Chartered Hong Kong's Digital Assets and Fintech Head Dominic Maffei stated, "We welcome the Legislative Council's passage of the 'stablecoin ordinance draft' and look forward to the ordinance being officially implemented later this year, while reinforcing Hong Kong's status as an international financial center."
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SOON(SOON) will open trading on Gate two hours early on May 23.

Gate News bot reports that according to the Gate announcement on May 23, 2025: Gate will open the trading of the SOON (SOON) token in advance. The new opening time is May 23, 2025, 17:00 (UTC+8, which is 2 hours earlier than originally planned. SOON is a multi-product ecosystem that includes SOON Stack, InterSOON, and Simpfor.Fun. SOON Stack is the first SVM Rollup Stack to bring Solana into other ecosystems, InterSOON is a cross-chain messaging protocol, and Simpfor.Fun is a copy trading platform. Users can trade through the SOON/USDT trading pair.
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Wall Street banking giants join forces to explore stablecoin projects, Arthur Hayes: "Goodbye Circle"

Gate News bot message, as the U.S. Senate votes to advance the stablecoin bill (also known as the "GENIUS Act"), Wall Street banking giants have begun exploring stablecoin operations. Crypto Assets market veteran Arthur Hayes believes this could pose a significant threat to existing stablecoin market leaders like Circle (USDC) and Tether (USDT). Hayes candidly wrote about this development: "Goodbye Circle. Thanks for participating."
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Renaming and Adjustment of Calculation Method for the Hang Seng Stock Connect Consumer Staples Index

Jin10 data reported on May 23, the Hang Seng Hong Kong Stock Connect Consumer Staples Index will be renamed as the Hang Seng Hong Kong Stock Connect Food and Beverage Index, and its calculation method will also have the following changes: updated industry requirements; the number of constituent stocks fixed at 40; new quarterly fast inclusion rules for the index.
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The trading volume of multiple core broad-based ETFs has surged.

Golden Ten Data reported on May 23 that on the afternoon of May 23, A-shares pulled back. Wind data shows that at around 14:05, a number of core broad-based ETFs such as Huatai Pineapple CSI 300 ETF, ChinaAMC SSE 50 ETF, CSI 1000 ETF, and E Fund CSI 300 ETF saw a large number of selling orders, and the turnover surged. As of the close, the Shanghai Composite Index and the CSI 300 Index fell 0.94% and 0.81% respectively, and the Huatai Pineapple CSI 300 ETF traded nearly 3.4 billion yuan, ranking first among equity ETFs.
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Data: Hyperliquid platform Whale current Holdings 6.59 billion USD, long/short Holdings ratio is 0.97

The whale holdings on the Hyperliquid platform amount to $6.590 billion, with long orders at $3.246 billion, accounting for 49.26%, and short orders at $3.344 billion, accounting for 50.74%. Long orders have a profit of $243 million, while short orders have a loss of $224 million. Among them, the whale address 0x5078..b6 went long on BTC with the full position at a price of $108,994.3, earning a profit of $13.1978 million.
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The US invites officials from Japan and South Korea to Alaska to discuss the $44 billion natural gas pipeline project.

On May 23, two sources familiar with the plans revealed that the United States has invited officials from Japan and South Korea to Alaska to discuss cooperation, including a large-scale natural gas pipeline project. Many Asian governments are considering investing in the United States in an effort to ease the pressure on President Trump's tariff policy. The Trump administration's head of energy affairs, Home Secretary Doug Burgum and Energy Secretary Chris Wright, will host the June 2 event, sources said. The event will include a visit to Alaska's remote North Slope region, where the U.S. is trying to develop untapped gas fields through a proposed $44 billion pipeline project, one of the sources said. The natural gas will be transported through the 800-mile (about 1,300-kilometer) pipeline through Alaska, mainly to customers in Asia, before being liquefied. But the Alaska meeting was not, the sources said
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Bosera CSI A50 ETF established

On May 23, Jin10 reported that Bosera Funds announced the establishment of the Bosera CSI A50 ETF, raising a total of 208 million yuan, with 1,041 valid subscriptions. The fundraising period was from April 14 to May 19.
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25,000 BTC Options and 202,000 ETH Options are about to expire, with a total notional value of $3.38 billion.

PANews, May 23 - According to data from Greeks.live, on May 23, there will be 25,000 BTC Options and 202,000 ETH Options expiring, with maximum pain prices of $104,000 and $2,450 respectively, totaling a notional value of $2.81 billion and $570 million. The Put Call Ratio is 1.22 and 1.26 respectively. Despite Bitcoin hitting a historic high this week, the options market response remains relatively subdued, with delivery volume insufficient at 8% of total holdings, indicating that crypto institutions have a mild expectation for the market outlook.
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The delivery volume of BTC and ETH options continues to decline, and institutional expectations remain neutral.

Gate News bot消息,Greekslive数据显示,25,000 BTC Options are about to expire, Put Call Ratio has reached 1.22, and the maximum pain point is at $104,000, with a notional value of $2.81 billion. At the same time, 202,000 ETH Options will also expire, with a Put Call Ratio of 1.26, the maximum pain point at $2,450, and a notional value of $570 million.
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Analysis: Glassnode's accumulation trend score has reached its peak, indicating that both Whales and small holders are actively buying.

The accumulation trend score of Glassnode has peaked at 1.0, indicating that all holders are actively buying. The activity in the options market also supports the increase in demand, particularly the call options with a strike price of $300,000 are very popular.
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MIRAI(MIRAI) The staking Airdrop event is about to log in to Gate. Staking AVA or USDT can earn rewards.

Gate News bot message, according to the official announcement from Gate on May 23, 2025: Gate will launch the MIRAI token airdrop event on its Launchpool platform from May 26, 2025, 20:00 to June 2, 2025, 20:00 UTC+8 during the period of (. Users can participate by staking AVAAI or USDT and receive MIRAI token rewards every hour. The total amount of this airdrop is 1,014,198 MIRAI, using a 100% instant unlock method. The system will distribute rewards to users' spot accounts every hour based on the proportion of users' staked assets. Gate states that users can stake assets in advance before the project officially launches, so they can receive rewards immediately after mining starts. The Mirai project is a case study in decentralized character creation, exploring AI-driven virtual beings through Memo culture, social platforms, and community-driven IP evolution. This project represents a new realm of virtual identity, aiming to create autonomous digital entities with long-term value in the Web3 ecosystem.
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Citigroup: Stable U.S. Treasury bonds require a higher term premium

Jin10 data May 23, Citigroup believes that from a global asset allocation perspective, the market may need more term premium to stabilize U.S. Treasury bonds. Given the potential rise in year-on-year inflation in the U.S., Citigroup insists on reducing holdings of U.S. Treasury bonds. However, Citigroup stated that the timing of a decline in U.S. interest rates is difficult to predict. The steepening of the yield curve is also a global phenomenon, not solely driven by U.S. Treasury bonds.
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Whale three times go long position HYPE unrealized gains exceed 13.41 million USD

Odaily News According to @OnchainLens monitoring, as HYPE hits an all-time high, a Whale Address (0xe4178ba889ac1c931861533b98bb86cb9d4858c7) holding a 3x leveraged long position in HYPE currently has unrealized gains exceeding 13.41 million dollars. The entry price for this Address is $12.93, and the current liquidation price is $4.21.
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JuCoin will launch the USD1/USDT trading pair on May 23, 2025, at 13:00 (UTC).

Odaily News According to official news, JuCoin will launch USD1 on May 23, 2025, at 13:00 (UTC) and open the USD1/USDT trading pair. USD1 is a stablecoin pegged to the US dollar, launched by World Liberty Financial (WLFI) in April 2025, aimed at building a bridge between traditional finance and decentralized finance (DeFi).
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Justin Sun shows a picture of the Trump Tourbillon watch he received at the TRUMP dinner.

On May 23, Justin Sun shared a photo of the Trump Tourbillon watch he received at the TRUMP dinner on the X platform. According to reports, the organizers of the TRUMP dinner stated that the first four attendees would receive one of the 147 globally limited issuance watches. President Trump possesses the watch numbered 1.
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Aptos developers' deployments surged, with daily contract deployments exceeding 400.

PANews May 23 news, Nansen data shows that the daily smart contracts deployment on the Aptos chain has significantly risen since the end of April, jumping from less than 100 to over 400 in early May.
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UK retail sales data stronger than expected, but the pound barely moved.

Jin10 data reported on May 23rd that despite the data showing that UK retail sales in April rose more than expected, the pound hardly budged. Ebury analyst Phil Monkhouse stated in a report that although the data is encouraging, the higher-than-expected inflation in April may dampen the likelihood of the Central Bank of the UK cutting rates again in the coming months.
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Bitcoin market share has risen nearly 10% this year, currently reported at 63.78%.

According to the Gate News bot, data from TradingView shows that Bitcoin's market share is currently at 63.78%, with a cumulative rise of 9.8% for the year.
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Aimeike: The company's "Simaglutide Injection" project is currently in the clinical trial stage.

Jin10 data reported on May 23 that Aimeike stated on the interactive platform on May 23 that the company's "Semaglutide Injection" project is currently in the clinical trial stage.
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The U.S. House of Representatives passed a tax reduction plan, which may prohibit states from implementing AI regulations for the next ten years.

Gate News bot message, on May 22 local time, the U.S. House of Representatives, where Republican lawmakers are in the majority, narrowly passed a large-scale tax and spending bill proposed by the Trump administration. This bill, referred to by Trump as the "Beautiful Bill," is the "HR1" bill, which covers a series of legislative priorities for the Republicans. However, among them, a provision regarding AI regulation has garnered particular attention from the technology sector.
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Russia may encourage Bitcoin mining companies to move to the north, alleviating the side effects of the mining ban.

Gate News bot message, the Russian Ministry of Energy is considering providing incentives for the currently heavily regulated Bitcoin mining industry to encourage its relocation to Northern Russia. Yevgeny Grabchak, Deputy Minister of Energy of Russia, suggested in an interview with TASS that Bitcoin mining companies could repurpose the "public capacity" of previously idle power grid centers used for oil production in Northern Russia.
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Bahraini media: Israeli airstrikes in Gaza Strip kill 16 people

On May 23, Jin10 reported that since the early hours of the 23rd, a series of airstrikes by the Israeli military on the Gaza Strip have resulted in 16 deaths.
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Da Ming Securities: In the first quarter, foreign investors increased their holdings of short-term U.S. Treasury bonds.

Jin10 Data May 23 - TD Securities said that foreign investors increased their holdings of U.S. Treasuries in the first quarter of 2025, but they preferred short-term bonds. This may be due to anticipated trade uncertainties, concerns about term premiums, a steeper yield curve, and official investors wanting to retain more liquidity assets for potential exchange rate intervention purposes. Both official and private foreign investors have increased their holdings of U.S. Treasuries, with official investors accelerating their bond purchases.
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Analyst: ETH establishes strong support in the $2370 area, with no significant resistance levels ahead.

BlockBeats news, on May 23, crypto analyst alicharts stated that ETH has established a solid support level at $2,370, with no significant resistance area ahead.
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Data: Jump Crypto Wallet received 2 million SOON and tested transfer to Gate.

According to ChainCatcher news and monitoring by Lookonchain, Jump Crypto's wallet "Gtxgn" received 2 million SOON 1 day ago and transferred 301 SOON to the Gate deposit Address for testing. Jump Crypto may be one of the market makers for SOON.
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A Whale spent 2.98 million USDC to buy 1.86 million FARTCOIN.

According to BlockBeats news on May 23, Onchain Lens monitored that a certain Whale spent 2.98 million USDC at an average price of 1.60 USD to purchase 1.86 million FARTCOIN.
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Jump Crypto is one of the market makers for SOON.

According to BlockBeats news on May 23rd, monitoring by Lookonchain shows that the wallet "Gtxgn" of Jump Crypto received 2 million SOON one day ago and transferred 301 SOON to the Gate deposit Address for testing. Jump Crypto may be one of the market makers for SOON.
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Sui Ecosystem DEX Bluefin: Spot trading services have been restored, user funds are secure.

Gate News bot message, Sui ecosystem DEX Bluefin stated on social media: "Spot trading service (Bluefin Spot) has been relaunched, user funds are secure."
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Asphere under Ankr launches encryption payment feature supporting Multichain Wallet payments for Rollup deployment fees.

Gate News bot message, Web3 infrastructure provider Ankr's enterprise-level solution Asphere announces the addition of encryption payment features to its Rollup deployment suite. Users can now pay custom Rollup fees using ANKR, USDC, or USDT through Ethereum or Solana Wallets. This feature is technically supported by Loop Crypto, simplifying the blockchain development process for developers in conjunction with Asphere's existing no-code deployer and customizable Rollup stack. Source: wublock123
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